What are the average closing costs in Steele County County?

In Steele County County, the median total loan costs on purchase mortgages were $6,097 in 2024, based on 323 originations.

Which lender has the lowest closing costs in Steele County County?

Among lenders with 10+ originations in Steele County County, U.S. Bank National Association had the lowest median total closing costs at $3,593 in 2024.

How do closing costs in Steele County County compare to Minnesota?

Steele County County closing costs (median $6,097) are 6.5% above the Minnesota state median of $5,722.

Lowest closing cost mortgage lenders in Steele County County, Minnesota

In Steele County, Minnesota, homebuyers paid a median of $6,097 in closing costs in 2024 — above the Minnesota median of $5,722. The county saw 323 purchase mortgages at a median rate of 6.62%. Among lenders with 10+ originations, U.S. Bank National Association offered the lowest median costs at $3,593, which is $1,785 less than the county median.

Homebuyers in Steele County County who chose U.S. Bank National Association paid $2,504 less in closing costs than the county median.

County Median Costs

$6,097

+6.5% vs Minnesota ($5,722)

Median Rate

6.620%

+0.0% vs national (6.620%)

Median Origination

$3,270

Purchase Originations

323

vs Minnesota Median

6.5% above

$375

vs National Median

9.6% below

$-644

Lender rankings in Steele County County

9 lenders with 10+ originations, ranked by median total loan costs.

Rank	Lender	Median Total Costs ↑	Median Rate ↕	Median Origination ↕	Volume ↕	vs. Median
1	U.S. Bank National Association	$3,593	6.990%	$895	14	−$1,785
2	BAY EQUITY LLC	$4,161	6.990%	$1,676	10	−$1,217
3	GUARANTEED RATE, INC.	$4,309	6.650%	$1,674	12	−$1,069
4	TOWNE MORTGAGE COMPANY	$4,450	6.562%	$2,540	12	−$928
5	Bremer Bank, National Association	$5,453	6.875%	$3,280	16	+$75
6	Cambria Financial Group, LLC	$6,245	7.250%	$3,739	11	+$867
7	FAIRWAY INDEPENDENT MORTGAGE CORPORATION	$6,249	7.058%	$3,871	10	+$871
8	UNITED WHOLESALE MORTGAGE, LLC	$6,360	6.624%	$4,254	13	+$982
9	CROSSCOUNTRY MORTGAGE, LLC	$6,568	6.875%	$4,280	32	+$1,190

Includes lenders with 10+ purchase originations in Steele County County. Source: HMDA 2024. Sorted by median total loan costs.

View detailed closing cost breakdowns and user reviews for lenders in Minnesota → Lender Directory

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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).

Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.